Analysis of latest tungsten market in China from Chinatungsten Online: The tax law of environmental protection will soon be implemented in 2018, which brings good news for the whole industry chain. Thus the stability of tungsten price will continue. While the thin terminal market also means a mood of caution covering the tungsten market.

Molybdenum market quotation: the latest price of sodium methoxide, molybdenum powder and molybdenum bar stabilizes while molybdenum oxide price edges higher. With the coming of New Year, some traders in the market are staring to stop transactions, and then trading volume reduces accordingly. Spot goods in most mines are rare, and downstream buyers have not high enthusiasm in purchasing. As a result, molybdenum raw material market refuses to budge. But insiders are optimistic about the price.

Rare earth market quotation: Chinese rare earth price stabilizes temporarily amid the price of europium oxide, lanthanum oxide and neodymium oxide is unchanged from the previous trading day. Domestic rare earth price has continued to decline since September, and with the consumption of market stock, market rised mentality is strong. So short-term rare earth price is expected to rebound.

Tungsten is an important strategic resource, which is widely used in modern manufacturing and military industry. With the development of China's economy, there will be more and more demand for tungsten and rare earth in China's manufacturing and military industry in the future. Fuel oil may be replaced by new energy.